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Navigator names its top five Aussies

KATE HAGE  |  MONDAY, 31 JUL 2006
Navigator Research has revealed its top five Australian equity funds and has included three more boutique managers this year. The top five funds from a pool of 31, all receiving a five star rating, were Ausbil Australian Active Equity Fund, Barclays ...

Chalk up number 7 for Bravura in the UK

ALEX DUNNIN  |  FRIDAY, 28 JUL 2006
... its seventh UK client for their Talisman administration software. Cardif Pinnacle, part of BNP Paribas, is one of the UK's top providers of creditor, warranty and investment products and have just agreed to license Bravura's Talisman software to support ...

FinLit website goes live

ALEX DUNNIN  |  THURSDAY, 27 JUL 2006
The Financial Literacy Foundation has finally launched its long awaited UnderstandingMoney website. UnderstandingMoney.gov.au is the public face of the Financial Literacy campaign that has transfixed the financial services, and in particular superannuation ...

Macq merges hedge funds to form $1bn MQ

HAMISH MADDEN  |  WEDNESDAY, 26 JUL 2006
... management with Macquarie's institutional risk management and operational framework," Mackay said. At inception MQ will rank in the top five Australian hedge fund managers with $1.066 billion in funds under management, including $327.3 million in single ...

MLC and Aon take out top insurance awards

KATE HAGE  |  WEDNESDAY, 26 JUL 2006
MLC Insurance took out the life insurance company of the year award at the Australian and New Zealand Insurance Industry Awards, with Aon Australia being named broker of the year for the second consecutive year. Aon Australia's national general manager ...

Cash becomes king with inflation on the up

KATE HAGE  |  TUESDAY, 25 JUL 2006
... cent annual rate," he added. Oliver predicts inflation will be calculated at around 2.75 per cent, which he says is at the "top of the range" and an interest rate hike would then push the cash rate out to around 6 per cent. The impact for fund managers ...

Reverse mortgages not for inexperienced advisers

HAMISH MADDEN  |  FRIDAY, 21 JUL 2006
... strategies unless they are a fully competent financial planner, aware of all the issues... In my opinion, you have to be the top of the pack to even start advising on home equity release strategies." Underlining this concern, Deen Sanders, general manager ...

Thou shalt inherit an empty piggy bank

It's not just the hyena laugh or the eye twitch. A new study has found that parents tend to pass their bad money habits to their children too. A survey of 1,125 Australians conducted by a company that makes money box containers, Money Ed Box, has found ...

SimCorp starting to make its mark downunder

ALEX DUNNIN  |  FRIDAY, 14 JUL 2006
... just a few weeks ago when Deutsche Bank AG Asia Pacific announced it had licensed SimCorp's flagship platform, Dimension. On top of recent deals with Macquarie and being already established with Challenger, this is starting to give the financial institution ...

Fixed income not for everyone, yet: FIIG

HAMISH MADDEN  |  THURSDAY, 13 JUL 2006
... those who could understand complex and sophisticated instruments. "There's a big sort of vacuum here in Australia between the top end of town in the fixed income area and everyone else," Stening said. "In terms of service, there's no one really servicing ...